GameStop Price Prediction: GME Plunges 28% After Livestream With Roaring Kitty As Analysts Say This Degen Solana Meme Coin Could 100X

adminJune 9, 2024

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Gamestop price has plummeted 28% in the last 24 hours. Traded for $0.01626 As of 7:40 a.m. EST, trading volume had surged 200% to $507 million.

The GME price crash followed a YouTube livestream by Keith Gill, known on social media as Roaring Kitty or DeepF*ckingValue, which appeared to crush cryptocurrency investors.

Known for his key role in the 2021 GameStop short squeeze, Gill shook up the meme coin market last month with his first social media post in three years. He provided an update on his massive investment in GameStop stock this week, sharing a new screenshot on Reddit showing his stock and options positions are worth $586 million.

Despite today’s plunge, GameStop’s price is still up 315% over the past seven days, according to GeckoTerminal data.

Roaring Kitty, DeepFuckingValue updates GameStop. $GME location.
He is currently worth over $586 million and has gained 219% year to date. pic.twitter.com/OM7nMayCvZ
— Unusual_Whales (@unusual_whales) June 6, 2024

GameStop price bulls are back in the game after facing rejection.

GameStop price bulls were able to control the price at the $0.01249 support level after a massive sell-off that overwhelmed them at the $0.03278 high.

As momentum increases, bulls gain the power to push the price back to previous highs to recover their losses.

GameStop price

GMEUSDT Analysis (Source: Tradingview)

Additionally, the price of GME is trading well above the 200-day simple moving average (SMA), which provides immediate support. If the price rises, the 50-day SMA may move towards a new support level, signaling a continued uptrend.

The Relative Strength Index (RSI) has rebounded from the oversold level of 30, indicating that investors are again in a long position. As momentum increases, RSI may cross the 50 midline and enter the 70 overbought area.

Moving Average Convergence Divergence (MACD) indicates that the bullish trend is returning below the neutral line as the blue MACD line crosses above the orange signal line, creating a bullish crossover. A green bar on the histogram near the neutral line indicates that GME is experiencing positive momentum, which could lead to a new all-time high (ATH).

GameStop Price Prediction: New ATH

With RSI and MACD showing that the asset is regaining momentum, investors may begin to take positions and GME may pull back a bit to regain its previous highs. However, key technical indicators suggest that GME will surge to a new ATH above $0.050 as long as the bulls keep the price action above the $0.01493 support level.

However, if the downtrend returns, the price may fall below the current support level, causing the bulls to pull back towards the $0.009419 support area.

Last call as Sealana wraps up pre-sales

Investors are flocking to GME as traders await more favorable terms to purchase it. SEAL There are 17 days left until pre-order.

The Solana-based meme coin embodies American patriotism, featuring a chubby seal mascot inspired by South Park’s infamous “World of Warcraft guy.” He was so absorbed in the Degen market that he became m.He’s messy, obese, and has an insatiable appetite for junk food (mainly canned tuna and chips).

Sealana has expanded into a multichain project. We now offer a BNB chain version of $SEAL and allow $SEAL purchases on Ethereum (ETH).

The project team, which has raised more than $3 million, officially announced: Reservation ends June 25, 6:00 PM (UTC).

#Sealand Today we have big news for you! 🦭🍻 Long nights drinking and eating American food $SEAL Things 🇺🇸 and fainting! 😵 He woke up feeling really lucid and made the call. #TicketingEnds on June 25th at 6PM (UTC)! ⏰
You know what it is… pic.twitter.com/va7W8abVjb
— Sealana (@Sealana_Token) June 6, 2024

After the pre-sale ends, $SEAL tokens will be distributed to participants via airdrop directly to pre-sale buyers, regardless of whether they use SOL, ETH, or BNB.

This process eliminates the need for manual billing and the cost of paying gas bills. The airdrop will take place a few days after the pre-sale ends.

According to Crypto Boy, a cryptocurrency analyst on YouTube with nearly 40,000 subscribers, $SEAL has the potential to surge 100x after launch.